Southern Asia: Adhesive Dressings Market 2024

Adhesive Dressings Market Size in Southern Asia

In 2021, after three years of growth, there was decline in the South Asian adhesive dressings market, when its value decreased by -2.1% to $X. The market value increased at an average annual rate of +4.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then reduced slightly in the following year.

Adhesive Dressings Production in Southern Asia

In value terms, adhesive dressings production declined modestly to $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +48.9% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 19%. Over the period under review, production hit record highs at $X in 2020, and then shrank slightly in the following year.

Adhesive Dressings Exports

Exports in Southern Asia

In 2021, shipments abroad of adhesive dressings or similar articles increased by 72% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a drastic downturn. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, adhesive dressings exports surged to $X in 2021. In general, exports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 59%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

India prevails in exports structure, accounting for X tons, which was approx. 90% of total exports in 2021. It was distantly followed by Pakistan (X tons), comprising a 9.9% share of total exports.

India was also the fastest-growing in terms of the adhesive dressings or similar articles exports, with a CAGR of +8.0% from 2012 to 2021. Pakistan (-34.2%) illustrated a downward trend over the same period. India (+80 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by -80.6% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest adhesive dressings supplier in Southern Asia, comprising 87% of total exports. The second position in the ranking was held by Pakistan ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India stood at +12.8%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, falling by -17% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The growth pace was the most rapid in 2013 an increase of 37% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Pakistan ($X per ton), while India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+12.0%).

Adhesive Dressings Imports

Imports in Southern Asia

In 2021, after two years of decline, there was significant growth in purchases abroad of adhesive dressings or similar articles, when their volume increased by 58% to X tons. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, adhesive dressings imports surged to $X in 2021. Total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) represented the main importer of adhesive dressings or similar articles, constituting 48% of total imports. It was distantly followed by Bangladesh (X tons), Pakistan (X tons), Sri Lanka (X tons) and Nepal (X tons), together creating a 48% share of total imports. Afghanistan (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to adhesive dressings imports into India stood at +10.8%. At the same time, Afghanistan (+24.6%), Bangladesh (+10.6%), Pakistan (+4.6%), Sri Lanka (+2.6%) and Nepal (+1.8%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +24.6% from 2012-2021. While the share of India (+11 p.p.), Bangladesh (+3 p.p.) and Afghanistan (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Pakistan (-4.1 p.p.), Nepal (-5.4 p.p.) and Sri Lanka (-6.7 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported adhesive dressings or similar articles in Southern Asia, comprising 55% of total imports. The second position in the ranking was held by Pakistan ($X), with a 14% share of total imports. It was followed by Bangladesh, with a 12% share.

In India, adhesive dressings imports increased at an average annual rate of +6.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Pakistan (+3.1% per year) and Bangladesh (+7.0% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, waning by -5% against the previous year. In general, the import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2013 when the import price increased by 17% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+6.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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